One of England’s largest local authorities stands to lose £70m over the next five years as its tenants feel the brunt of welfare cuts, writes Neil Merrick.
The bleak forecast is being made by Your Homes Newcastle (YHN), which manages stock on behalf of Newcastle Council.
About two thirds of the council’s 29,000 tenants receive housing benefit, which is to be gradually replaced by Universal Credit from October 2013. Meanwhile, 6,000 tenants that currently ‘under-occupy’ t...
